Settings8H · net · $10k
Funding arb · Price arb /

XPL

all XPL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0635%/8h= +69.5% APRnext payment +$0.79 per $10,000 · paid last 24h +0.231%
Price spread now: Coinbase International against gTrade (Gains Network)+0.498%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.498% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$50 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XPL/USD0.09686L +0.0005% / S −0.0004%pay 0.0001% / 1h47m 52s$73K150x
ShortCoinbase International XPL-PERP-INTX0.097340.0640get 0.0080% / 1h47m 52s$75K$82K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$133.25
Price spread: +0.498% → 0.000%
$49.78
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$163.04
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Coinbase International no order-book sample
gTrade (Gains Network) and Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XPL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XPLUSD−0.0432%1h0.09668−0.184%$562$7085xas long as short
GMX XPL/USD [WBTC.b-USDC]L −0.0304% / S +0.0610%1h0.09682−0.036%$107K100xas long as short
Deribit XPL_USDC-PERPETUAL−0.0266%1h0.09682−0.039%$46K$18K25xas long as short
Backpack XPL_USDC_PERP−0.0082%1h0.09685−0.008%$179K$198K10xas long as short
Gate XPL_USDT−0.0050%4h0.09678−0.080%$3.0M$3.4M75xas long as short
dYdX XPL-USD0.0000%1h0.09678−0.082%$9K$5855xas long as short
Reya XPLRUSDPERP0.0000%1h0.07571−21.835%as long as short
gTrade (Gains Network) XPL/USDlongL +0.0005% / S −0.0004%1h0.09686long leg$73K150x
Orderly PERP_XPL_USDC+0.0017%4h0.09679−0.070%$29K$339K10xas long as short
Paradex XPL-USD-PERP+0.0054%8h0.09686+0.006%$13K$2K5xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XPLUSDT+0.0055%4h0.09682−0.039%$45.8M$54.4M75xas long as short
Lighter XPL+0.0096%1h0.09675−0.111%$4.4M$3.0M10xas long as short
Nado XPL-PERP+0.0100%1h0.09687+0.013%$1.2M$2.5M10xas long as short
Hyperliquid XPL+0.0100%1h0.09699+0.133%$61.2M$46.7M10xas long as short
Aster XPLUSDT+0.0100%4h0.09689+0.037%$252K$470K20xas long as short
Pacifica XPL+0.0100%1h0.09691+0.054%$221K$46K10xas long as short
Binance XPLUSDT+0.0100%4h0.09677−0.090%$43.9M$102.3M75xas long as short
OKX XPL-USDT-SWAP+0.0100%4h0.09684−0.018%$8.3M$49.3M50xas long as short
Bulk XPL-USD+0.0100%1h0.09670−0.163%$141K$5K10xas long as short
MEXC XPL_USDT+0.0100%4h0.09680−0.060%$12.6M$7.0M100xas long as short
KuCoin XPLUSDTM+0.0100%4h0.09679−0.070%$2.3M$1.4M50xas long as short
Bitget XPLUSDT+0.0100%4h0.09690+0.044%$8.8M$9.7M75xas long as short
BingX XPL-USDT+0.0100%4h0.09679−0.070%$7.8Mas long as short
Variational Omni XPL+0.0100%4h0.09689+0.031%$1.7M$1.9Mas long as short
GRVT XPL_USDT_Perp+0.0100%4h0.09693+0.073%$261K$1.0M10xas long as short
ApeX Omni XPLUSDT+0.0100%1h0.09710+0.250%$25K$78K50xas long as short
Polymarket Perps XPL-USD+0.0100%1h0.09694+0.084%$127K$2.0M10xas long as short
SunX XPL-USDT+0.0100%4h0.09670−0.163%$3K$1.8M20xas long as short
SoDEX XPL-USD+0.0100%1h0.09680−0.060%$201$12K10xas long as short
HTX XPL-USDT+0.0100%4h0.09682−0.039%$142K$201K20xas long as short
Extended XPL-USD+0.0104%1h0.09680−0.061%$656K$1.1M25xas long as short
Aevo XPL-PERP+0.0104%1h0.09680−0.060%$29K$18K3xas long as short
Phoenix XPL+0.0248%1h0.09709+0.240%$197K$573K10xas long as short
BloFin XPL-USDT+0.0340%4h0.09666−0.204%$1.7M$976K75xas long as short
Coinbase International XPL-PERP-INTXshort+0.0640%1h0.09734+0.498%$75K$82K50x
Kraken Futures PF_XPLUSD+0.3101%1h0.09713+0.282%$551K$981K10xas long as short